Konica Minolta, Inc. and Fujifilm Business Innovation Corp. disclosed the signing of a
memorandum of understanding to initiate a feasibility study for a strategic alliance within the
multifunction printer (MFP), office printer, and production printer sectors.
Given the dynamic shifts within the market landscape for MFPs and printers, proactive
measures are imperative. Konica Minolta and Fujifilm Business Innovation are actively
exploring a potential business alliance to fortify their business infrastructure, which includes
enhancing the development of a robust supply system for their products. Additionally, both
companies are exploring opportunities to expand their network of business alliances and are engaged in ongoing discussions to this end.
Toshimitsu Taiko, President and CEO, Konica Minolta, Inc. said: Sharing a common
understating of the challenges facing the business, the two leading companies will be able to
mutually maximize strengths through this alliance. I am looking forward to working together
to improve investment efficiency and cost-competitiveness, strengthen capabilities for stable
supply, environmental initiatives, and business continuity plans (BCP), and pursue the
potential for enhancing business resilience as global manufacturers.
Naoki Hama, President and CEO, Fujifilm Business Innovation Corp. said: The ongoing
discussions for this business alliance are of immense importance as we strive to strengthen
our competitiveness and expand our global presence to make a significant leap forward. We
are confident that this partnership will create a new framework to enhance our supply chain
and build a robust business foundation.
The potential partnership aims to achieve several key objectives:
Optimizing procurement: By establishing a joint venture to streamline the procurement
process for raw materials and parts, both companies intend to enhance efficiency in their
supply chain management. The tentative timeline for establishing this joint venture is set for
the second quarter of FY2024.
Enhancing toner development and production: Focusing on strengthening their business
foundation, the partnership seeks to bolster the development and production of toner,
thereby ensuring a reliable and efficient supply system for their products.
Exploring other business alliances: In addition to the primary objectives, discussions and
agreements pertaining to other strategic collaborations will be addressed separately. This
includes exploring opportunities for further partnerships that align with the overarching goals
and vision of both Konica Minolta and FUJIFILM Business Innovation. |
